Barrack has reassumed the position he had when he founded Colony as a private company in 1991, and held until 2014 when Colony merged into Colony Financial, Inc.

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Thomas Barrack, Jr. (Photo courtesy of USC)

LOS ANGELES—Colony Capital Inc., in a shakeup of its executive suite, reports that Richard Saltzman has resigned as CEO, president and a director of the company. He is being replaced by Thomas J. Barrack, Jr., the company’s executive chairman, who has taken on the additional role of CEO of the company.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.